At number 2888th in the list of Australian suburbs ordered by increase in median house value over the last year, Enfield, 5085 is in the BOTTOM 40% with a property value increase of -0.13% recorded in median house prices.

Over the longer term, Enfield has seen property prices show investors a 10.50% return over the last 3 years. This is worse than over the last 12 months

Enfield5085 is located in SA which offers an average discount of -6.54% to property investors. Enfield itself is showing figures that indicate -7.48% is the average achievable by property buyers investing in the suburb.

In the last year 81 properties changed hands in Enfield, which puts it as the 89th most active market in SA when comparing the number of sales per suburb.

Enfield, 5085 ranked 33th in SA when comparing growth in median property values or capital gain over the last 12 months. Enfield is one of 853 in our list for SA

The five-year average increase in median property values for Enfield,5085 has given property investors a potential capital gain of 10.65% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Enfield is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 84th in terms of most discounted suburbs in SA

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

Using the current median advertised rental of $265 and the average annual increase in value of a median property of 2.79%, investors should hope to achieve an overall return of 5.36%

Information supplied by:

YIP MAG
April 2015

MO

WE

Located just 7km from Adelaide CBD, Enfield is a popular suburb due to its proximity to the CBD and its lifestyle aspectsFull summary
Located just 7km from Adelaide CBD, Enfield is a popular suburb due to its proximity to the CBD and its lifestyle aspects, according to Mick Heasman, director of Northgate Real Estate.

“It’s got great amenities, such as a good local shopping strip and major centres,” he says.

Heasman says the dominant renters are often young families that have grown up in the area and want to remain here, as well as 20- to 40-year-old couples.

Rents for houses hover around $350–$450 per week.

Units fetch around $270 per week, according to Heasman.

Indeed, rental yield is strong, even with increasing house prices, and vacancy rate is tight at 1.5%.

Enfield is currently going through massive gentrification with 80s houses slowly being converted into modern houses.

There are a number of beautiful parks and recreational facilities in the area.

There are two primary schools – St. Gabriel’s Primary School and Enfield Primary School, both located in Enfield.

Residents can get to Adelaide by bus or car in approximately 30 minutes.

Moreover, the council provides local buses for the aged.

The best buys, according to Heasman, are older homes on larger allotments that are still suitable for redevelopments.

"This has been the case for the past five to 10 years,” he says.

The best streets are those closer to the city or Regency Road, where the value and demand are strong.”Close